Thursday, 10 Jul 2025

Business

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Asian stocks climb as trade deal hopes flicker among Trump's mixed signals

TOKYO/HONG KONG (Reuters) – Stock markets in Asia inched up on Thursday on the possibility that China and the United States may soon seal a “phase one” deal to end their 17-month trade war, but conflicting messages from U.S. President Donald Trump kept a lid on the advance. European shares are set to follow with […]

Peloton's Christmas ad mocked as sexist

(Reuters) – Exercise bike and treadmill maker Peloton Interactive Inc’s (PTON.O) latest Christmas advertisement has been widely criticized on social media as being “sexist” and “dystopian”. The advertisement, called “The Gift That Gives Back”, shows a woman receiving a Peloton bike as a gift from her husband following which she records her workouts over a […]

Uber may offer courier services for retail business – CEO Khosrowshahi

(Reuters) – Uber Technologies Inc (UBER.N) Chief Executive Officer Dara Khosrowshahi said on Wednesday the ride hailing company could extend its food delivery service to offer courier services for other retail businesses. Speaking at a meeting before the Economic Club of New York, Khosrowshahi was talking about his time at the helm of the ride-sharing […]

Wall Street rebounds on renewed U.S.-China trade optimism

NEW YORK (Reuters) – Wall Street gained ground on Wednesday in a broad-based rally as investor sentiment brightened after U.S. President Donald Trump said talks with China on an interim trade deal were going “very well.” All three major U.S. stock indexes were on course to snap a three-day losing streak, with financials and tariff-sensitive […]

Finance minister targets budget surpluses but not for rainy day fund

A late surge in corporation tax paid in November will help nudge the overall financial health of the State into a bigger-than-expected budget surplus of around €1.4bn for this year, according to Finance Minister Paschal Donohoe. The amount of tax paid by companies last month was €700m ahead of expectations as a surge that has […]

Riot Games' female staff to share $10m after harassment claims

Revelations of an allegedly toxic, male-dominated culture at Riot Games have seen the group agree to a $10m (€9m) payout that will be shared by former and current female employees in the US. The allegations against Riot Games made in a lawsuit filed in California last year included that female staff had been subjected to […]

Donohoe targets budget surpluses but not for rainy day fund

A late surge in corporation tax paid in November will help nudge the overall financial health of the State into a bigger-than-expected budget surplus of around €1.4bn for this year, according to Finance Minister Paschal Donohoe. The amount of tax paid by companies last month was €700m ahead of expectations as a surge that has […]

Elon Musk testifies his 'pedo guy' tweet not meant to be taken literally

LOS ANGELES (Reuters) – High-tech entrepreneur Elon Musk testified at his defamation trial on Tuesday that his “pedo guy” Twitter message at the center of the case was not meant to be taken literally and was sent in response to an “unprovoked” insult he received from the man now suing him. Musk, the billionaire chief […]

Proper U.S.-China trade deal more important than timing: Wilbur Ross

(Reuters) – U.S. Commerce Secretary Wilbur Ross on Tuesday said it was more important to get a proper trade agreement with China than to get the deal done by this December or next December – after the 2020 presidential election. Ross told Reuters in an interview that the world’s two largest economies still needed to […]

Wall Street falls as trade hopes wane

NEW YORK (Reuters) – U.S. stocks sold off for a third consecutive session on Tuesday after comments from President Donald Trump and Commerce Secretary Wilbur Ross threw cold water on hopes of a possible near-term respite from the market-bruising U.S.-China trade war. The blue-chip Dow had its worst day since Oct. 8, and all three […]